…early without penalty. One new SECURE 2.0 account saving/withdrawal option, however, may actually help to begin reversing the retirement savings shortfall by changing participants’ mindsets and behaviors toward early withdrawals. Our Retirement Savings Crisis For years, studies have been substantiating a retirement savings crisis among…
As the retirement space continues to expand, what new technologies, solutions and opportunities will help improve plan outcomes? Attend our upcoming PENTalkTM where we will discuss what’s on the horizon for the retirement industry in…
…choose a different contribution percentage at any time. Many studies have noted the benefits of auto-enrollment provisions in retirement plans. Still, such provisions require some additional oversight. Plan sponsors, especially those who have adopted plans within the past two years, should be prepared to implement…
…help narrow the retirement coverage gap—a longstanding challenge in the U.S. workforce. Key Trends Accelerating PEP Adoption Since their introduction, several trends have helped accelerate interest and adoption of PEPs across the marketplace: Regulatory Clarity and Support The Department of Labor (DOL) and Internal Revenue…
…that was designed to make it easier and less expensive for smaller businesses to participate in a plan along with other unrelated employers. Since that time, we have found that PEPs appeal to a broader range of employers than Congress originally contemplated. Other trends have…
This is Eric Wietsma, President and CEO of Pentegra. Starting with this post, I’ll be writing a monthly blog that explores retirement plan trends, legislative and regulatory developments, and challenges and opportunities for plan sponsors and advisors. As we move into 2025 and experience a…
…Pentegra, we frequently identify compliance issues early in our client onboarding process—and what we see tends to mirror broader industry trends. For retirement plan advisors, understanding these recurring pain points and the various correction programs used to resolve them is an essential value-add for your…
…aims to limit this unpredictability and shift certain risks off the sponsor’s balance sheet, either by adjusting the investment profile or by reducing the size of the plan’s liabilities directly. Why is Derisking a Growing Priority? Several key trends are accelerating the focus on derisking:…
How does an advisor benefit from partnering with a CEFEX-certified TPA? And why is it important? Listen in to find out…
What does it mean for a Third Party Administrator to be…
How does a plan sponsor benefit from its advisor being CEFEX…